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In 3Q16, $MS posted advisory revenues of $504MM which was down from a year ago. Equity underwriting revenues were $236MM while Fixed Income underwriting revenues were $364MM. Equity sales and trading revenues were $1.9Bil. Total client assets were $2.1 trillion while fee-based assets were $855Bil.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.